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Selected Works

Shyam Sunder

Articles 1 - 30 of 226

Full-Text Articles in Business

Financial Regulation For A Better Society, Shyam Sunder Jun 2017

Financial Regulation For A Better Society, Shyam Sunder

Shyam Sunder

The benefits of top down financial reporting regulation over the past eight decades are less obvious than its failures to achieve the purported goals. Perhaps it is time to give a chance to an alternative approach of regulatory competition.

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Changing Paradigm In Accounting And Finance, Shyam Sunder Jan 2017

Changing Paradigm In Accounting And Finance, Shyam Sunder

Shyam Sunder

No abstract provided.

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Rethinking Financial Reporting: Standards, Norms And Institutions, Shyam Sunder Jan 2017

Rethinking Financial Reporting: Standards, Norms And Institutions, Shyam Sunder

Shyam Sunder

No abstract provided.

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Risk In Accounting, Shyam Sunder Dec 2016

Risk In Accounting, Shyam Sunder

Shyam Sunder

Risk and uncertainty are inherent in the environment and functions of accounting. Accounting reports, systems, norms, and rules help people decide, and also determine how they decide in such environment. Diverse normative theories and descriptions of coping with risk and uncertainty yield different implications for accounting. Chambers was an articulate, forceful, and celebrated proponent of market values, while Ijiri did the same for historical costs. Elements of accounting theory that diverge in their emphases on historical cost versus market values can be linked to the divergence in the theories of risk and decision making. This largely unrecognized link between the …

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Demand For And Assessment Of Audit Quality In The Market For Private Capital: A Field Study, Shyam Sunder, Adam Esplin, Karim Jamal Nov 2016

Demand For And Assessment Of Audit Quality In The Market For Private Capital: A Field Study, Shyam Sunder, Adam Esplin, Karim Jamal

Shyam Sunder

No abstract provided.

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Rethinking Financial Reporting: Standards, Norms And Institutions, Shyam Sunder Nov 2016

Rethinking Financial Reporting: Standards, Norms And Institutions, Shyam Sunder

Shyam Sunder

No abstract provided.

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What Is Better Accounting?, Shyam Sunder Oct 2016

What Is Better Accounting?, Shyam Sunder

Shyam Sunder

No abstract provided.

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What Is Better Accounting?, Shyam Sunder Oct 2016

What Is Better Accounting?, Shyam Sunder

Shyam Sunder

No abstract provided.

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Rethinking Financial Reporting: Standards, Norms And Institutions, Shyam Sunder Sep 2016

Rethinking Financial Reporting: Standards, Norms And Institutions, Shyam Sunder

Shyam Sunder

Since the passage of the US federal securities laws more than eight decades ago, much regulatory effort has been devoted to improving financial reporting in business, government and not-for-profit organizations. Yet, evidence on improvements or abatement of misreporting by error or intent remains scarce. In the context of this experience, it may be useful to explore what we might mean by better financial reporting, and how we might define and implement processes to move in that direction. A broad agreement on the way ahead seems necessary to make progress.

Creating and sustaining institutions that follow a stable and conservative process …

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What Is Better Financial Reporting And How Do We Get There?, Shyam Sunder Sep 2016

What Is Better Financial Reporting And How Do We Get There?, Shyam Sunder

Shyam Sunder

No abstract provided.

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An Invitation To Accounting - Aggregation, Shyam Sunder Aug 2016

An Invitation To Accounting - Aggregation, Shyam Sunder

Shyam Sunder

No abstract provided.

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An Invitation To Accounting - Institutions, Shyam Sunder Aug 2016

An Invitation To Accounting - Institutions, Shyam Sunder

Shyam Sunder

No abstract provided.

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Summary Of Yuji Ijiri Lectures, Tepper School Of Business, Shyam Sunder Aug 2016

Summary Of Yuji Ijiri Lectures, Tepper School Of Business, Shyam Sunder

Shyam Sunder

No abstract provided.

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An Invitation To Accounting - Time And Risk, Shyam Sunder Aug 2016

An Invitation To Accounting - Time And Risk, Shyam Sunder

Shyam Sunder

No abstract provided.

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An Invitation To Accounting - Policy, Shyam Sunder Aug 2016

An Invitation To Accounting - Policy, Shyam Sunder

Shyam Sunder

No abstract provided.

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Better Financial Reporting, Shyam Sunder Aug 2016

Better Financial Reporting, Shyam Sunder

Shyam Sunder

No abstract provided.

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Role Of Accounting Academy In Society, Shyam Sunder Aug 2016

Role Of Accounting Academy In Society, Shyam Sunder

Shyam Sunder

No abstract provided.

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Demand For And Assessment Of Audit Quality In The Market For Private Capital: A Field Study, Shyam Sunder Jul 2016

Demand For And Assessment Of Audit Quality In The Market For Private Capital: A Field Study, Shyam Sunder

Shyam Sunder

An organization’s demand for auditing is believed to be driven by regulation intended to protect third-party interests, especially those of shareholders and creditors. There is little agreement on what audit quality is. In this field study of private companies, we conduct interviews to learn about various sources of demand for audits, and criteria to assess their quality. Our study reveals several additional sources of unregulated demand from both internal agents (boards and employees) as well as external agents (customers, suppliers, bonding agencies, and other regulators). We also find that users assess audit quality based on auditor’s accounting expertise, presentation of …

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An Invitation To Accounting - Causation And Choice, Shyam Sunder Jul 2016

An Invitation To Accounting - Causation And Choice, Shyam Sunder

Shyam Sunder

No abstract provided.

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Social Norms, Risk And Financial Reporting, Shyam Sunder Jun 2016

Social Norms, Risk And Financial Reporting, Shyam Sunder

Shyam Sunder

No abstract provided.

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Speculation And Price Indeterminacy In Financial Markets, Shyam Sunder Jun 2016

Speculation And Price Indeterminacy In Financial Markets, Shyam Sunder

Shyam Sunder

No abstract provided.

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Better Financial Reporting: Meaning And Means, Shyam Sunder Jun 2016

Better Financial Reporting: Meaning And Means, Shyam Sunder

Shyam Sunder

No abstract provided.

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Simple Agents Intelligent Markets, Shyam Sunder Jun 2016

Simple Agents Intelligent Markets, Shyam Sunder

Shyam Sunder

No abstract provided.

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Simple Agents, Intelligent Markets, Shyam Sunder Mar 2016

Simple Agents, Intelligent Markets, Shyam Sunder

Shyam Sunder

No abstract provided.

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Better Financial Reporting: Meanings And Means1, Shyam Sunder Mar 2016

Better Financial Reporting: Meanings And Means1, Shyam Sunder

Shyam Sunder

What is the meaning of better corporate financial reporting? How can financial reporting be improved? There are many claims of shortcomings of financial reporting. Conflicts among these claims point to the political elements of the problem inherent in collective choice in a society. Since “better” depends on the interest group whose perspective is chosen for analysis, politics lies at the heart of accounting policy. The set of possible means of arriving to any agreed upon meaning of “better” includes not only regulation, but also social norms and market competition. Judiciously combining all three approaches, instead of relying on any one …

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Some Conceptual Tensions In Financial Reporting, Yuri Biondi, Karim Jamal, James Ohlson, Stephen Penman, Eiko Tsujiyama, Shyam Sunder Dec 2015

Some Conceptual Tensions In Financial Reporting, Yuri Biondi, Karim Jamal, James Ohlson, Stephen Penman, Eiko Tsujiyama, Shyam Sunder

Shyam Sunder

We examine four key conceptual tensions that are at the heart of many financial reporting dilemmas: stocks versus flows, ex ante versus ex post, conventions versus economic substance, and top-down design versus bottom-up evolution as sources of accounting practice. Associated with each of these conceptual dimensions is an accounting duality; in some cases, one side (e.g., stocks) is easier to measure in a reliable manner, while the other side (e.g., flows) is easier to measure in other instances. We suggest that financial reporting would benefit from a willingness to pay attention to, and find compromise between, both sides of these …

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How Do Market Agents Assess Audit Quality?, Adam Esplin, Karim Jamal, Shyam Sunder Nov 2015

How Do Market Agents Assess Audit Quality?, Adam Esplin, Karim Jamal, Shyam Sunder

Shyam Sunder

The Public Company Accounting Oversight Board (PCAOB) in the U.S. regulates auditing and seeks to promote its quality, a difficult-to-define concept. To understand how agents involved in private companies think of audit quality, we interview their CFOs, auditors, bankers, board members, bonding agencies, and some private equity investors. We find that a variety of agents demand an audit while retaining their scepticism and seeking independent corroboration of what they learn from the audited financial statements. Management selects the auditor. Audit Quality is assessed based on the degree to which the audit plan (inputs and risk assessment processes) aligns with the …

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Norms, Organization, Risk In Financial Reporting, Shyam Sunder Oct 2015

Norms, Organization, Risk In Financial Reporting, Shyam Sunder

Shyam Sunder

No abstract provided.

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Technology, Cost, Structure And Failure Of Banking Regulation, Shyam Sunder Jul 2015

Technology, Cost, Structure And Failure Of Banking Regulation, Shyam Sunder

Shyam Sunder

No abstract provided.

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"Financial Engineering And The Arms Race Between Accounting Standard Setters And Preparers.", Shyam Sunder Jun 2015

"Financial Engineering And The Arms Race Between Accounting Standard Setters And Preparers.", Shyam Sunder

Shyam Sunder

No abstract provided.

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